News stories about Crown Castle International (NYSE:CCI) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crown Castle International earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.4958826339814 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
NYSE CCI traded down $3.95 during trading hours on Thursday, hitting $102.64. 4,284,137 shares of the company’s stock traded hands, compared to its average volume of 2,914,748. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $43,189.13, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.29. Crown Castle International has a 52 week low of $93.14 and a 52 week high of $114.97.
Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.98). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. sell-side analysts predict that Crown Castle International will post 5.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $4.20 annualized dividend and a yield of 4.09%. Crown Castle International’s dividend payout ratio (DPR) is 86.60%.
CCI has been the subject of several research reports. Goldman Sachs cut shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Crown Castle International in a report on Friday, January 26th. Deutsche Bank reissued a “buy” rating and set a $120.00 price objective on shares of Crown Castle International in a report on Monday, January 22nd. Zacks Investment Research cut shares of Crown Castle International from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Finally, ValuEngine raised shares of Crown Castle International from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $114.17.
In other Crown Castle International news, insider Jay A. Brown sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total value of $1,951,740.00. Following the completion of the transaction, the insider now directly owns 162,526 shares in the company, valued at $17,622,694.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kenneth Jay Simon sold 693 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $108.79, for a total transaction of $75,391.47. Following the completion of the transaction, the senior vice president now owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
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Crown Castle International Company Profile
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service bringing information, ideas and innovations to the people and businesses that need them.
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